The Spanish subsidiary of the Romanian group Digi began trading on the stock market this Thursday at €6 per share, 7.1% above the initial price of €5.6, with an initial capitalisation of €1.662 billion.
The telecommunications operator Digi Spain Telecom has started its journey on the Spanish stock exchange with a 7.1% increase compared to the initial price. The company, a subsidiary of the Romanian group Digi, has placed its shares at €6 per share, compared to the €5.6 set in the public offering prospectus.
The operation, approved last week by the National Securities Market Commission (CNMV), has resulted in a market capitalisation of approximately €1.662 billion at the initial price. The strong demand from national and international institutional investors has driven the initial performance of the stock.
A Stock Market Debut with High Institutional Demand
Juan Blasco, CEO of BME, highlighted that the stock market debut represents the natural evolution of a company with Digi's growth trajectory. According to Blasco, this step will allow the company to strengthen its ability to grow and compete on a global scale, consolidating "a successful project".
Blasco emphasised that the stock market debut is a milestone for Digi and underscored the importance of being part of the "top tier of the business fabric". In his statements, he praised the operator's differential strategy, which has allowed it to position itself among the most prominent players in its sector.
The CEO of Digi Spain, Marius Varzaru, indicated that the company plans to place an additional 5% of its capital in the market "next year or in two years", as long as the stock performance and market conditions allow it. The ultimate goal is to achieve a free float of 25%, compared to the approximately 20% with which it has started trading, a possibility that was opened after the exemption granted by the CNMV.
Growth Strategy and Long-Term Vision
Varzaru argued that the initial price offers potential for appreciation in the medium and long term. He insisted that the company's priority was not to maximise the initial valuation, but to ensure a solid placement with investors committed to the project. More than 50 institutional investors will participate in the operation, following a process that attracted the interest of hundreds of investment funds.
The executive reiterated that Digi maintains a long-term vision, focused on deploying fibre to reach 21 million housing units by 2030, job growth, and maintaining a competitive model based on low prices and an efficient cost structure. He stated that this strategy has been supported by investors, who share confidence in the company's ability to continue creating value.
For individual investors, Digi's entry into the stock market represents a new opportunity in the telecommunications sector, a highly competitive market but with room for low-cost operators. The company has demonstrated sustained growth in Spain, where it already has a significant customer base for fibre and mobile services. Those who buy shares now are betting on an ambitious expansion plan that aims to double its fibre footprint in the coming years.
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